sjrcpa
Level 15
06-26-2023
06:38 PM
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Depends on why it was an excess deferral if there will be a W-2c.
If it's excess because employer flunked the ADP test - no W-2c.
If it's excess because employee had 2 employers and exceeded the limit - no W-2c.
OP - If the second item is the reason, the excess deferral gets reported as wages in 2022. Some software does this automatically. Don't know about ProSeries.
The more I know the more I don’t know.